River Markets Secures FCM Registration to Build Prime Brokerage for Prediction Markets
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River Markets Secures FCM Registration to Build Prime Brokerage for Prediction Markets
River Markets has registered an affiliate with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM), moving the prediction-market infrastructure startup beyond execution technology into regulated brokerage, customer-fund handling and institutional financing.Its affiliate, River Finance LLC, has also become a member of the National Futures Association (NFA), giving the company the regulatory foundation to carry c…
River Markets registered its subsidiary River Finance with the CFTC as a future commission agent and incorporated it into the NFA. The company seeks to offer institutional customers a brokerage platform that gathers positions, capital and risk management from various predictive markets into a single account.
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